Navigation Links
Addus HomeCare Reports Third Quarter 2010 Results
Date:11/4/2010

PALATINE, IL, Nov. 4, 2010 /PRNewswire-FirstCall/ --

Third Quarter Financial Highlights

  • Total net service revenues grew 4.5% to $69.8 million
  • Home & Community segment net service revenues increased 6.4% to $57.3 million
  • Home Health segment net service revenues decreased 3.0% to $12.5 million
  • Net income of $1.5 million, or $0.14 per diluted share

  • Addus HomeCare Corporation (Nasdaq: ADUS), a comprehensive provider of home-based social and medical services, announced today its financial results for the three and nine months ended September 30, 2010.

    Mark Heaney, President and Chief Executive Officer of Addus HomeCare, stated, “We are disappointed with our performance in the third quarter. While our largest division, Home & Community, performed well, our Home Health business was well below our expectations. However, we expect that Home Health will become a growing contributor due to the investments we’ve made.

    “We remain focused on the Company’s accounts receivable collections and continue to make progress. In addition, the CarePro acquisition is proceeding smoothly and the business is performing in line with our expectations,” Heaney added.

    Third Quarter Review

    Total net service revenues for the quarter ended September 30, 2010 were $69.8 million, a 4.5% increase compared to $66.8 million in the prior year quarter.  The acquisition of Advantage Health Systems, which we refer to as CarePro, contributed approximately $2.5 million in revenues in the third quarter.  

    Third quarter 2010 net income of $1.5 million, or $0.14 per diluted share, including $0.01 per share in acquisition related expenses, was based on 10.7 million diluted shares outstanding.  This compares to net income after preferred stock dividends of $0.9 million, or $0.40 per di
    '/>"/>

    SOURCE Addus HomeCare Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10

    Related medicine technology :

    1. American Association for Homecare Backs Bipartisan Bill to Eliminate Medicare Bidding Program for Home Medical Equipment
    2. American Association for Homecare Proposes Strong Anti-Fraud Measures in Medicare, Applauds HHS Testimony Today That Pledges to "Stop Fraud Before it Starts"
    3. Home Medical Equipment Providers and Lawmakers Discuss Cost-Effective Role of Homecare During Washington Meeting
    4. NewLife Homecare Partners With ChronoMed to Offer Customized Nutritional Program for Bleeding Disorder Community
    5. New Jersey Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities
    6. New York Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities
    7. California Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People with Disabilities Under Medicare
    8. Michigan Home Medical Providers Call on Congress to Preserve Homecare as an Option for Seniors and People With Disabilities Under Medicare
    9. Homecare Provider Testifies on Downside of Medicare Competitive Bidding Program Before House Energy and Commerce Subcommittee
    10. Delta Health Technologies ClinicalVirtuoso™ Targets Homecare Therapists
    11. EpiCept Reports Expansion of Clinical Development For Licensed Cancer Compound
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:4/26/2015)... , April 26, 2015 Cancer experts have ... ) supported project in the area of distributed learning ... for the benefit of patients. Speakers at a Varian-hosted ... Therapeutic Radiation Oncology) forum in Barcelona ... and applying that knowledge to help benefit the next ...
    (Date:4/24/2015)... 24, 2015   Bernstein Liebhard LLP ... or the "Company") (NASDAQ: AERI ) issued ... violation of the federal securities laws; or (ii) ... fiduciary duties to shareholders. Aerie is ... development and commercialization of first-in-class therapies for the ...
    (Date:4/24/2015)... , April 24, 2015  IGI Laboratories, Inc. (NYSE ... based specialty generic pharmaceutical company, announced the Company will ... Tuesday, April 28, 2015 to discuss the 1st quarter ... listen to the call by dialing 1-888-346-3479. International participants ... should ask to be joined into the IGI Laboratories, ...
    Breaking Medicine Technology:Cancer Experts Detail How 'Big Data' Plays a Critical Role in Improving Clinical Decision-Making in Oncology Treatments at 3rd ESTRO Forum 2Cancer Experts Detail How 'Big Data' Plays a Critical Role in Improving Clinical Decision-Making in Oncology Treatments at 3rd ESTRO Forum 3Bernstein Liebhard LLP Investigates Claims On Behalf Of Those Who Invested In Aerie Pharmaceuticals, Inc. 2
    ... Reportlinker.com announces that a new market research ... The Future of the Wound Care Management ... http://www.reportlinker.com/p0158664/The-Future-of-the-Wound-Care-Management-Market-to-2015.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ... Market to 2015 , Summary , ...
    ... 10 Reportlinker.com announces that a new ... catalogue. , Pain Therapeutics 2005: ... http://www.reportlinker.com/p0158361/Pain-Therapeutics-2005-Market-Dynamics-and-Outlook.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=prnewswire ... Market Dynamics and Outlook provides detailed analysis ...
    Cached Medicine Technology:Reportlinker Adds The Future of the Wound Care Management Market to 2015 2Reportlinker Adds The Future of the Wound Care Management Market to 2015 3Reportlinker Adds The Future of the Wound Care Management Market to 2015 4Reportlinker Adds The Future of the Wound Care Management Market to 2015 5Reportlinker Adds The Future of the Wound Care Management Market to 2015 6Reportlinker Adds The Future of the Wound Care Management Market to 2015 7Reportlinker Adds The Future of the Wound Care Management Market to 2015 8Reportlinker Adds The Future of the Wound Care Management Market to 2015 9Reportlinker Adds The Future of the Wound Care Management Market to 2015 10Reportlinker Adds The Future of the Wound Care Management Market to 2015 11Reportlinker Adds The Future of the Wound Care Management Market to 2015 12Reportlinker Adds The Future of the Wound Care Management Market to 2015 13Reportlinker Adds The Future of the Wound Care Management Market to 2015 14Reportlinker Adds Pain Therapeutics 2005: Market Dynamics and Outlook 2
    (Date:4/26/2015)... In an article published last month in Ergonomics ... occurring during the use of handheld electronic devices such as ... use of a tablet increases mechanical demand on neck muscles ... than when the neck is in a neutral position. Perhaps ... out the potential hazards of overuse of mobile technology may ...
    (Date:4/25/2015)... 2015 The National League for ... national endeavor to prepare nurses to provide high quality, ... success, according to a new report by the John ... partners. , The project began in 2007 as ... the direction of Elaine Tagliareni, EdD, RN, CNE, FAAN, ...
    (Date:4/25/2015)... Washington, D.C. (PRWEB) April 25, 2015 ... for Bangladesh Worker Safety issues the following statement following ... 7.8 earthquake hit Kathmandu, Nepal, resulting in the deaths ... this massive earthquake were felt across Nepal, Bangladesh, India ... to offer my heartfelt condolences to the people of ...
    (Date:4/25/2015)... By definition, a CIO’s responsibility is to support ... on their judgement and expertise to keep digital assets and ... article published in National Mortgage News on April 22nd, ... disservice to their responsibilities by focusing too heavily on making ... when it comes to company policy and industry best practices, ...
    (Date:4/25/2015)... (PRWEB) April 25, 2015 Parker and Sons ... and cooling, has spiked in Arizona alongside the growing economy. ... additional forty employees for April to help account for the ... forty employees in April is something we are enthusiastic about. ... said Paul Kelly, president at Parker and Sons. , Indeed, ...
    Breaking Medicine News(10 mins):Health News:Avoiding the Pain in the Neck Caused by Overuse of Technology 2Health News:Avoiding the Pain in the Neck Caused by Overuse of Technology 3Health News:Avoiding the Pain in the Neck Caused by Overuse of Technology 4Health News:Hartford Foundation Report Details Success of NLN's Advancing Care Excellence for Seniors (ACE.S) Program 2Health News:Hartford Foundation Report Details Success of NLN's Advancing Care Excellence for Seniors (ACE.S) Program 3Health News:An Outsider’s Perspective on Cyber Security Can Only Benefit CIOs 2Health News:An Outsider’s Perspective on Cyber Security Can Only Benefit CIOs 3Health News:An Outsider’s Perspective on Cyber Security Can Only Benefit CIOs 4Health News:An Outsider’s Perspective on Cyber Security Can Only Benefit CIOs 5Health News:Parker and Sons Plans to Expand in 2015 2
    ... Study says surgical advances may explain away the link ... News) -- Cataract surgery doesn,t hasten vision loss in ... conclusion of a new study that challenges the findings ... between cataract surgery and accelerated AMD progression. , AMD ...
    ... mouse model of human leukemia has provided critical insight into ... myeloid leukemia stem cells. The study, published by Cell Press ... Stem Cell , is likely to have a profound impact ... stem cells. , Leukemia stem cells (LSCs) were initially described ...
    ... Patient Advocate Foundation (NPAF) -- a national, non-profit organization ... patient access to health care through public policy reform ... Congress for passing and President Obama for signing the ... extend health coverage to four million uninsured American children. ...
    ... disease, A Su Salud revealed high incidence of diabetes, ... $55 million in free and low cost medical services ... -- CVS/pharmacy, the nation,s leading retail ... Salud" (To Your Health) health fairs, providing free health ...
    ... Montreal, Canada February 05, 2009 A ... who have received kidney transplants and compares them ... a significantly higher prevalence of psychiatric conditions (depression, ... adolescents who had undergone a transplant. The study ...
    ... recent survey of in-house,physician recruiters across the country ... on hospital systems throughout the United States, and,recruiting ... the lack,of physicians to fill key provider roles. ... from their most recent recruitment,and retention survey of ...
    Cached Medicine News:Health News:Cataract Surgery Doesn't Worsen AMD 2Health News:Leukemia stem cells have more in common with embryonic stem cells than adult stem cells 2Health News:National Patient Advocate Foundation Applauds Congress' and President Obama's Decision to Extend Health Coverage to Four Million Uninsured Children 2Health News:CVS/pharmacy Launches 2009 'A Su Salud' Health Fairs Providing Free Health Screenings to the Community 2Health News:CVS/pharmacy Launches 2009 'A Su Salud' Health Fairs Providing Free Health Screenings to the Community 3Health News:Psychological impact found in adolescents with kidney transplants 2Health News:PracticeMatch: Healthcare Survey Defines Physician Recruitment Challenges 2
    ... ARUP Laboratories is a national reference laboratory ... research and development. ARUP offers an extensive ... medical tests in clinical and anatomic pathology. ... Laboratories' clients include more than half of ...
    ... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...
    ... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
    ... national reference laboratory and a worldwide leader ... offers an extensive test menu of highly ... and anatomic pathology. Owned by the University ... than half of the nation's university teaching ...
    Medicine Products: